According to the "Rapporto Export 2023 - Il futuro è adesso, insieme" by Sace S.p.A., Italian export for the years 2023-2024 will be characterized by a significant market diversification.
The new players in this scenario will be the Gulf countries, India, Thailand, Vietnam, Brazil, and Croatia. This trend represents an important change, marking an expansion of Italy's economic horizon towards emerging markets, demonstrating the increased resilience and adaptability of Italian companies.
In the United States, Italian export recorded an impressive +32% in 2022 compared to the previous year, reaching a total of EUR 65 billion in exports. Also during the current year, U.S. is the 2nd destination market for Italian exports and the 1st destination market for Italian exports within the Americas.
This phenomenon is the result of the excellent performance of the American economy, which, after a slow start to the year and the risks - fortunately averted - of a banking crisis, is expected to grow by 1% for the current year.
The large internal market in the United States and their energy independence have allowed the country to maintain a good economic performance, further strengthened by the push of the IRA to various sectors of the economy.This has allowed Italy to surpass France as the second destination market for Italian sales abroad, consolidating itself among the ten most dynamic economies. Our export value to U.S. is expected to increase by a further 6% this year and 4.5% in 2024. Among the most promising sectors, electrical appliances, chemical products, and rubber and plastic products stand out.
Italian exports to USA (source: Sace S.p.A.)
Focusing on individual state realities, Florida emerges as one of the most promising states for Italian export, but also for Italian Foreign Direct Investment (FDI), especially in the sectors of clean energy, aviation and aerospace, yachting and boating, IT, food, and beverages.
According to data from the U.S. Department of Commerce, in 2022 Italian export in Florida recorded a record increase of 26.6%, for a total of 3.5 billion dollars.
This once again highlights the ability of Italian companies to seize opportunities offered by the most dynamic foreign markets.
The event was also graced by the presence of the board of the National Italian American Foundation, an organization which symbolizes the identity and aspirations of 20 million Italian Americans.
As part of EXP Legal's ongoing efforts to bolster business relations between Italy and the U.S, Antonello Corrado and Stefano Rossi engaged in thought-provoking discussions and brainstorming sessions focused on innovative strategies to promote the 'Made in Italy' brand within the U.S.
We at EXP Legal believe in the power of collaboration and international partnerships. The unique synergy between Italy and the U.S. demonstrates how two nations, when united by shared values and mutual respect, can create a robust business environment that benefits all.
The evening left us inspired and more determined than ever to contribute to this dynamic partnership.
Let's continue to forge ahead, connecting Italian creativity with American innovation for a prosperous future.
Until August 29th, 2022, it will be possible for the Members of the Italy-America Chamber of Commerce Southeast (IACCSE) to vote for the renewal, through online voting, of the new Board of Directors of the Chamber for 2022-2025.
Among the 20 Candidates identified by the IACCSE Compliance Committee and qualified for this election in accordance with the Chamber's Bylaws, no more than 11 Board positions will be elected.
Mr. Antonello Corrado, Senior Founding Partner of EXP Legal – Italian and International Firm - with offices in Rome and Milan, Premium Member of IACCSE and its “Antenna” for Rome and Center-South Italy, is one of the 20 Candidates for the new Board positions. He and his firm members have participated as speakers in several initiatives of the Business Expert Channel and to the 2019 and 2022 MeetUS events organized by IACCSE. Several videos are online on BEC/ bec.iaccse.com/i-video/. .
The experience acquired in the complex areas of business and corporate law, accompanied by a keen sensitivity and broad vision of management and operational issues of legal entities, have already earned Mr. Corrado the appointment as member of the Board of Directors and Board of Statutory Auditors of commercial companies, non-profit organizations, as well as cultural multinational associations.
“If elected I would be an Italian based member, although frequent traveler to Miami and the other IACCSE Countries and my effort and objective will be the strengthening of the relationship between IACCSE and the Italian economic and business community” says Antonello Corrado “shortening and streamlining the path between the countries towards which the Chamber directs its activity”.
The Chamber will benefit from Antonello’s consolidated relationship with the U.S. Embassy in Italy, so as to act as a "bridge" between IACCSE and the U.S. Embassy and Consulates in Italy, increasing the Chamber’s reputation with the American diplomatic authorities.
The longtime community leader Attorney Arthur Furia says: “I am thrilled that Antonello seeks to join our prestigious board which I’ve proudly supported since 1990 and served as president in the 90’s. Antonello will be a unique and distinctive board member, a consummate team player, he has helped me going back to early IACC, NIAF , Miami Dade College , Milan Expo, and State of Florida trade missions and initiatives for over past 20 years. As he is already supporting IACCSE at highest membership level, his deep leadership with the Italian business community will put him in the best position to assist our members fine tune the initiatives undertaken in Southeast USA. I proudly offer this testimonial to enlist your vote for a great professional & individual who will join our other worthy and successful candidates. We will be very well served with Antonello on the team.”
On May 3, 2022, from 9:30 am to 11:00 am, EXP Legal will host a round table, in Rome, to discuss and analyze all the new investment opportunities in the State of Florida tailored to the interests of Italian companies.
Guest of the meeting will be Mrs. Emma Cipollari, Deputy Director France & Italy of Enterprise Florida, who will introduce attendees to the main innovations in terms of investment incentives made available by the State of Florida to foreign investors.
9:15 am - Registration of attendees;
9:30 am - Commercial relations between Italy and the U.S. - A. Corrado, S. Rossi;
9:45 am - Florida investment opportunities and incentives - E. Cipollari;
10:30 am - Brief overview of the current Italian loans and grants for internationalization projects - Avv. S. Rossi;
10:45 am - Q&A and light breakfast.
The event will be held in Italian and will take place at EXP Legal Law Firm – Rome office (Via di Ripetta, 141) and is intended for a maximum of 6 companies / professionals (maximum 1 person per company / professional).